Restaurant & Retail Space Listings

GATEWAY VILLAGE SHOPPING CENTER

Gateway Village shopping center is located at the northeast corner of Redhill and Edinger. This is one of very few retail sites in Orange County where there are over 200,000 residents within 3 miles, and OVER 200,000 daytime employees within 3 miles. The average Household Income for the 5 mile radius of the site is over $87,000. This site is just across Edinger from the largest Urban Redevelopment Project west of the Mississippi River, the Legacy at Tustin. This redevelopment project will add 4500 new homes to the 3 mile trade area. Over 54,000 cars per day drive past this center.

There are two “second generation” retail spaces available for lease within this retail center. Adjacent to the Starbucks Coffee House, there is 1131 sf of in-line space that was a former Juice-it-Up. (This space can be used for food service.) There is also 1158 sf of in-line space that was improved for a credit union tenant. On the 2nd floor we have 4400 sf of vacant space. This space can be divided into a size of 1000 sf, or more, up to 4400. All of this second floor space is second generation space. It is all “usable area” since the restrooms are outside the leased space on the second floor. There is ADA access to the 2nd floor via an elevator. Tenant signage is available on the fascia of the building, and on sign panels on the monument signs at the property.

The landlord is asking $2.50/sf for the 1131 sf space adjacent to Starbucks, and $2.40/sf for the former credit union space (1158 sf). The NNN expenses are currently estimated to be $0.70 / sf /month. The upstairs space asking rent is $1.25 / sf / month on a modified gross basis. 5 year lease minimum term.

In-line Space with excellent signage

*****Second Generation Space, available now *****

Northeast Corner of Redhill & Edinger, Tustin

Marie Callender’s Restaurant and Bakery

This restaurant is located at the west entrance to Hemet on the main street in Hemet, Florida Avenue. This is an excellent location within the Hemet trade area, and the restaurant is highly visible to Florida street traffic. This is a moderate income trade area, with the average annual household income within a 3 mile radius being $48,813.

This restaurant building has approximately 7,800 sf of interior restaurant space. There is parking for over 125 cars in the front and sides of the building, plus a small amount of shared parking with the existing adjacent restaurant, and the motel. There are 2 curb cut entrances to the restaurant property off of Florida. The land parcel is approximately 78,000 sf, which would allow for additional development of the property. The property is zoned for commercial use. The building is 28 years old, and in excellent condition.

This is a moderate income trade area, with the average annual household income within a 3 mile radius being $48,813.

Complete 1, 3, 5, & 7 mile demographics can be provided.

AVAILABLE FOR SALE OR LEASE. The restaurant land and building can be purchased for $1,300,000, or leased for $8000 per month, NNN. Property taxes are approximately $22,000 per year. Included in a sale of the land and building is all of the FF&E within the restaurant, the Type 47 liquor license, and the Marie Callender’s Franchise Agreement (the new buyer or lessee will have to pay the franchise transfer fee). The lessee would have to purchase the liquor license from the current owner /operator of the restaurant, which would be included in a $50,000 key money fee to take over the restaurant under a new lease.

EXISTING BUSINESS: This restaurant, currently open and operating as a Marie Callender’s Restaurant & Bakery, is under an existing Marie Callender’s Franchise Agreement. A new Buyer or Lessee can operate the restaurant as a Marie Callender’s Restaurant, or he can terminate the Franchise Agreement and operate the restaurant under a different name and concept. The new Lessee will be responsible for the purchase and transfer of the existing Type 47 Liquor License that is currently in place. It is anticipated that all of the FF&E, except logo items and trade dress, will remain within the restaurant at the completion of the sale of the restaurant, or upon the execution of a new lease, unless the new Lessee / Owner / Operator does not want the existing FF&E. Average Annual Sales for this restaurant over the past 3 years is $1,580,000.

Confidentiality is very important!! Please do not contact any employee within the restaurant!!!

3969 W. Florida Avenue, Hemet, CA

*****Existing business, available now *****

West entrance of Hemet on the main street in Hemet.
The location is highly visible to Florida Avenue street traffic.